The Ministry of Corporate Affairs has launched an investigation into EV companies Gensol Engineering and BluSmart Mobility over alleged financial irregularities and governance…
06/05/20251 min read
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The Ministry of Corporate Affairs has launched an investigation into EV companies Gensol Engineering and BluSmart Mobility over alleged financial irregularities and governance…
The Indian government has formed a 12-member expert committee to review and modernize the Copyright Act, 1957 in response to emerging challenges from AI-generated content and…
Microbiome-focused startup The Good Bug has raised ₹100 crore in Series A funding led by Fireside Ventures. The gut health company will utilize the capital to expand its probiotic…
Fino Payments Bank has unveiled an ambitious FY26 strategy targeting 20-25% revenue growth through expansion of its CASA deposits and UPI-based services. The digital bank plans to…
Fintech major BharatPe has secured ₹125 crore in debt financing from Neo Group and Trifecta Capital to strengthen its lending operations. The funds will primarily support the…
Ather Energy's shares continued their downward trend after listing, closing the first trading week 12% below the IPO price amid broader market volatility. The EV manufacturer's…
Paytm's board approved the allotment of 1.2 million stock options to employees across various levels, valued at approximately ₹150 crore based on current market prices. This ESOP…
Food delivery major Swiggy is restructuring its cloud kitchen operations by transferring ownership of its eight digital-first food brands to subsidiary Kouzina. This strategic…
Fuel management platform Nawgati has raised $2.5 million in a pre-Series A round led by climate-tech focused investors. The startup's AI-powered solution helps fleet operators…
Electric vehicle manufacturer Ather Energy made a tepid stock market debut, with shares listing at just 2% above the IPO price of ₹1,200 before closing 6% lower on the first…
Cold-chain logistics startup Celcius Logistics has secured ₹250 crore in a Series B funding round led by a consortium of venture capital firms and strategic investors. The company…
The Indian government has introduced stringent security regulations for satellite communication providers including Starlink, Jio Satellite Communications, and SES. These new…
Paytm, India's leading fintech platform, reported a revenue of ₹1,911 crore for Q4 FY25, marking significant growth in its core payments and financial services business. The…
Direct-to-consumer activewear brand BlissClub secured new funding at stable valuation despite current market challenges, indicating continued investor faith in its business model.…
Electric vehicle manufacturer Ather Energy's shares debuted at a 22% premium in its stock market listing, reflecting strong investor confidence in India's EV sector. The…
In a significant constitutional ruling, the Delhi High Court affirmed that the right to property remains a fundamental legal protection, and the government cannot arbitrarily…
The Delhi High Court stayed an interim injunction against music composer A.R. Rahman in a copyright dispute over the song "Veera Raja Veera," allowing further legal proceedings.…
The Uttarakhand High Court directed the Senior Superintendent of Police to personally monitor the investigation of a high-profile Nainital rape case. This judicial oversight aims…
The Allahabad High Court held that non-consensual unnatural sex between married partners can constitute an offense under Section 377 IPC, diverging from the Madhya Pradesh HC's…
The Bombay High Court clarified its authority to remand matters to lower authorities for fresh consideration when procedural errors or insufficient examination occurs. This ruling…
The Telangana High Court temporarily stayed the rustication of a BITS Pilani student accused of sexual harassment, directing the institute to conduct a fair inquiry before taking…
The Allahabad High Court elaborated on valid grounds for bail cancellation, stressing that bail may be revoked if the accused violates conditions, interferes with evidence, or…
The National Company Law Appellate Tribunal NCLAT Chennai ruled that SEBI-imposed penalties qualify as "fines" excluded from insolvency proceedings under Section 79 15A of the…
The Andhra Pradesh High Court determined that liquid carbon dioxide sales attract 5% GST, rejecting exemption claims. This judgment provides clarity on tax classification for…
Chhattisgarh High Court ruled that genuine belief in transaction authenticity constitutes reasonable cause under Section 273B, making penalties under Section 271E applicable only…
The Delhi High Court clarified that penalties under Section 122 1A of the CGST Act apply to both taxable and non-taxable persons violating GST provisions. This judgment broadens…
The National Consumer Disputes Redressal Commission NCDRC increased the compensation awarded against Emaar India for excessive delay in flat delivery. The enhanced compensation…
The Delhi District Consumer Commission held TDI InfraCorp accountable for delayed possession of a residential flat, ordering compensation to the affected homebuyer. The…
In a significant arbitration ruling, the Supreme Court determined that disputes concerning full and final settlement agreements remain arbitrable even after contract discharge.…
The Delhi High Court ruled that ad-hoc arbitrators possess the authority to award interest under Section 16 of the MSMED Act, regardless of whether the dispute was referred to the…
Recent amendments to the Payment and Settlement Systems PSS Act have formally established the Reserve Bank of India RBI as the central regulatory authority for payment systems.…
The Income Tax Appellate Tribunal ITAT upheld the Commissioner of Income Tax Appeals decision allowing 50% depreciation on a CNC lathe machine that was used before defects were…
CESTAT upheld the forfeiture of a customs broker’s security deposit for failing to verify importer credentials under CBLR. The ruling enforces due diligence in customs brokerage.
ITAT ruled that delayed filing of Form 67 should not deny foreign tax credit claims. The tribunal prioritized substantive compliance over procedural delays, aiding taxpayers in…
The Delhi HC quashed reassessment proceedings as the limitation period expired. The court barred belated tax demands, upholding statutory timelines.
ITAT quashed proceedings against a father for minor’s income already clubbed in the mother’s return. The tribunal barred double taxation, ensuring logical income assessment.
The Delhi HC granted a marketing company a fresh opportunity to defend a GST SCN issued during the directors’ illness. The court noted procedural injustice, allowing a fair…
The Delhi HC set aside a reassessment notice under Section 148A as time-barred under the old tax regime. The court emphasized adherence to limitation periods, preventing…
ITAT upheld CIT A ’s deletion of an addition, treating interest income during plant setup as capital. The tribunal ruled such income offsets project costs, not taxable as revenue.…
The Jharkhand HC quashed an ITAT ruling deleting an addition under Section 68, stressing the need for proper income verification. The court held unexplained credits must be…
ITAT restored a cash deposit addition to the AO for fresh examination after the assessee clarified bank account ownership. The tribunal emphasized proper verification before…
CESTAT held that services directly linked to power transmission and distribution are exempt from service tax. The tribunal clarified the scope of exemptions under relevant…
The Gauhati HC upheld a tax exemption for a Scheduled Tribe officer, directing a refund of TDS under Section 10 26 . The court affirmed that tribal officers are entitled to…
CESTAT quashed an excise demand on Jindal Steel & Power, ruling that middlings are not taxable as washed coal. The tribunal also barred extended limitation, citing no suppression…
ITAT allowed the Rajasthan Cricket Association’s claim under Section 11 1 a , ruling that excess expenditure does not bar accumulation claims. The tribunal clarified that genuine…
The Delhi High Court ordered the release of a gold kada detained by customs, ruling that it qualifies as a personal effect for Sikh individuals. The court emphasized religious and…
ITAT held that the Principal CIT must address all documents submitted during assessment in revisionary proceedings. Ignoring relevant documents renders the revision order invalid.…
ITAT upheld a CIT A order deleting an addition under Section 56 2 viib despite evidence of creditworthiness. The tribunal ruled that mere suspicion without concrete evidence…
The CESTAT ruled that rejecting the transaction value of paper cup machines merely based on a previously set-aside order was unsustainable. The tribunal held that customs…
The Ministry of Finance granted Aadhaar authentication rights to five additional reporting entities under the Prevention of Money Laundering Act PMLA . This move aims to enhance…
The Ministry of Corporate Affairs has launched an investigation into EV companies Gensol Engineering and BluSmart Mobility over alleged financial irregularities and governance…
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